More than 3 million people now use Mint.com to get a quick, comprehensive view of their banking and financial information, which is expanding to connect with virtually every bank, credit union and credit card account in the United States. Using the aggregation capabilities of Intuit Financial Services, Mint.com now provides transaction information from double the number of accounts, and automatically places it in categories to give people a complete picture of their finances. With this added reach, Mint.com now connects securely and downloads transactions from virtually every U.S .bank with Internet banking capability to connect with more than 16,000 US financial institutions; support more than 17 million individual financial accounts; and add the 20 top-requested financial institutions. Intuit provides business and financial management solutions to financial institutions, including banks and credit unions.
HNC Financial Solutions, a division of HNC Software Inc. (nasdaq: HNCS), today announced that WesBanco Inc., a West Virginia based multi-bank holding company, has selected ProfitVision for enterprise-wide profitability analysis.
ProfitVision is a comprehensive solution that calculates the profitability of customers, relationships, products, and business units, and distributes the results to decision-makers throughout the organization. The system incorporates an interface to core accounting and banking systems, and ensures the integrity of profitability measurement through matched-maturity funds transfer pricing and sophisticated cost-allocation methods, including activity based costing. ProfitVision offers its powerful analytical capabilities on a choice of client-server platforms, including Oracle, MS SQL, DB2/UDB, and OS/400 to support remote access, end-user simulation, and enterprise-wide reporting.
‘We selected ProfitVision because of its superior technology platform, as well as HNC’s professional project management team that will be implementing our system,’ said Paul Limbert, Executive Vice President and Chief Financial Officer of WesBanco. ‘ProfitVision is an ideal solution that fulfills our desire to provide superior performance information to out branches, and to improve product and customer information flow throughout the entire bank.’
‘Accurate profitability information is critical to the successful management of customer relationships, which is essential for survival in today’s increasingly competitive market,’ said Patricia Brown, Vice President and General Manager of HNC Financial Solutions Chicago office. ‘We share WesBanco’s vision of providing complete, timely and accurate profitability information to key decision makers, and we look forward to helping them prosper in the years ahead.’
WesBanco currently operates four banks through 60 banking offices in the states of West Virginia and Ohio. Its principal banking subsidiaries include WesBanco Bank Wheeling, WesBanco Bank Fairmont, WesBanco Bank Parkersburg, and WesBanco Bank Charleston. In addition, WesBanco operates a mortgage company, WesBanco Mortgage Company, and an insurance agency, Hunter Agency, Inc. Other affiliates include WesBanco Securities, Inc. and Hometown Finance Company. On June 30, 1999, WesBanco had consolidated assets of $2.3 billion, deposits of $1.8 billion and shareholders equity of $283 million.
About HNC Financial Solutions
HNC Financial Solutions is a leader in predictive customer relationship management (CRM) software for the payment card and consumer lending industries. Its powerful suite of proven decision platforms and predictive business solutions address the mission-critical, customer-lifecycle needs of financial institutions.
About HNC Software
Headquartered in San Diego, California, HNC Software Inc. (Nasdaq:HNCS) is a leading provider of complete Predictive CRM solutions for service industries, HNC divisions include Financial Solutions, Retek Retail Solutions, Insurance Solutions, eHNC, and Telecommunications Solutions.
HNC suite of predictive software solutions can provide real-time insight into customer relationship based on transaction-level data, helping business-to-consumer companies manage their relationships with individual customers By accurately predicting customer behavior, these companies can create initiatives to mitigate risk and attrition; improve customer service; develop marketing programs to enhance profitability; optimize store replenishment activities; and detect fraudulent customer transactions. For more information, visit HNC’s web site at http://www.hnc.com/ or contact Jane Leonard, HNC Software Inc., 5935 Cornerstone Court West, San Diego, CA 92121, 858-799-3880. For the investor relations hotline, call 800-396-8052